Real Percentage Of Wage Raises
The inflation annulled in January 65% of the nominal wage raise, compared to January 2017.According to data from Romania’s statistics board INS, compared to January 2017, the average nominal net wage rose 8%, but the real wage was just 3.5% compared to the same period a year before, says Ziarul Financiar.
Thus, the remaining percentage from an 8% nominal raise to a 3.5% real raise was absorbed by inflation. Therefore, 65% of the nominal wage raise was annulled by inflation. (romanialibera.ro)
Romania Changes Ceiling For VAT Exemption The ceiling for VAT exemption was changed. Law no. 72/2018 mainly regulates the increase in the ceiling for VAT exemption to RON300,000 annually (EUR88,500 at the exchange rate at the time of Romania’s EU accession).The VAT ceiling previously stood at RON220,000.
Taxable people shall require the registration for VAT purposes if they exceed the turnover ceiling of RON220,000 between January 1 and March 31, 2018 and if they exceed the turnover ceiling of RON300,000 until December 31, 2018. (cotidianul.ro)
Kelemen Hunor’s Message For Viktor Orban After Elections in Hungary Kelemen Hunor, head of the Hungarian minority party UDMR, congratulated Hungarian Prime Minister Viktor Orban on Facebook on his victory at the parliamentary elections held Sunday, April 8, in Hungary.Kelemen Hunor wished Viktor Orban the very best and good luck in the next four years. (cotidianul.ro)
Weather Report For April 9-22 Meteorologists said temperatures will be higher than normal for this time of the year this week, reaching even 25 degrees Celsius in some regions.After April 15, temperatures will decrease and the atmospheric instability will become accentuated, but it will be colder only in Dobrogea. The weather will be warm even in the mountains, with temperatures reaching 12-14 degrees Celsius.
During the first part of April 9 – 22 interval, the weather will be warmer than normal for this time of the year, in most regions. (puterea.ro)